Rocket Lab’s 30% Reuse Rate and 12 New Contracts Prompt Morgan Stanley Upgrade
SPCX•Morgan Stanley boosted its price target 15% for Rocket Lab after the company improved first-stage reuse to 30% and secured 12 new contracts for 2026 launches. Analysts say these advances narrow Rocket Lab’s gap with SpaceX and heighten competitive pressure on SPCX’s launch services.
1. Morgan Stanley Upgrade
Morgan Stanley raised its price target by 15%, highlighting Rocket Lab’s rise to a 30% first-stage reuse rate on Electron launches and the award of 12 new mission contracts for 2026. The firm noted that improved reliability and cost efficiency underpin stronger revenue visibility for Rocket Lab.
2. Competitive Implications for SPCX
By closing in on SpaceX’s reuse benchmarks, Rocket Lab is poised to challenge established players more directly. This intensifies pricing competition and could pressure SPCX to accelerate its own vehicle reusability and contract acquisition efforts.
